Vardhman Textiles Limited has announced the opening of a special window for transfer and dematerialisation of physical shares, providing shareholders with an opportunity to convert their physical holdings into electronic format.

Official Regulatory Filing

The company has formally communicated this initiative to stock exchanges through an official letter dated April 30, 2026. The communication was signed by Sanjay Gupta, Company Secretary, and addressed to both BSE Limited and The National Stock Exchange of India Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Special Window Details

The special window will remain operational for one year from February 5, 2026 to February 4, 2027. This initiative follows SEBI Circular No. HO/38/13/11(2)/2026-MIRSD-POD/I/3750/2026 dated January 30, 2026.

Eligible Securities and Conditions

The special window is designed to facilitate transfer and dematerialisation of physical securities that were sold or purchased prior to April 1, 2019. The facility also covers transfer requests that were previously submitted but were rejected, returned, or not attended to due to deficiency in documents, process, or other reasons.

Key Requirements and Restrictions

• Only requests accompanied by original certificates along with transfer deeds and relevant supporting documents will be considered
• Securities transferred under this window will be mandatorily credited to the transferee only in demat mode
• Transferred securities will remain under lock-in for one year from the date of registration of transfer
• During the lock-in period, such securities cannot be transferred, lien-marked, or pledged

Submission Process

Eligible shareholders can submit their transfer requests along with requisite documents to the company's Registrar and Share Transfer Agent (RTA):

Corporate Information

The announcement was made through a newspaper notice published in Financial Express on April 30, 2026, and communicated to stock exchanges on the same date. The notice was signed by Sanjay Gupta, Company Secretary of Vardhman Textiles Limited.

This special window represents an important opportunity for shareholders holding physical shares to convert them into dematerialised form, ensuring better liquidity and ease of trading in the future.

Vardhman Textiles announced that its Committee of Directors (Renewable Energy) has approved the acquisition of a 31.2% stake in Renew Green (MPR Four) Private Limited. The company executed a Share Subscription and Shareholders' Agreement along with a Captive Power Purchase Agreement with Renew Green Energy Solutions Private Limited and Renew Green (MPR Four) Private Limited.

Transaction Details

The acquisition involves a cash consideration of Rs. 24.29 crore for the 31.2% stake, while Renew Green Energy Solutions Private Limited will contribute Rs. 53.57 crore for the remaining 68.8% shareholding. The total capital of the special purpose vehicle will be approximately Rs. 77.86 crore. The equity contribution will be made in three tranches depending upon the completion of different stages of the project.

Project Overview

The purpose of the agreements is to establish a 19 MW AC wind-solar hybrid power plant at District Ratlam, Madhya Pradesh. The project comprises 26.4 MW wind capacity and 15 MW solar capacity. The power generated will be supplied exclusively to Vardhman Textiles Limited under the Captive Rules, and the plant will be operated by Renew Green (MPR Four) Private Limited.

Regulatory Compliance

The acquisition is being undertaken to comply with regulatory requirements for captive power consumption under India Electricity laws. The transaction does not fall within related party transactions and is conducted at arm's length. No governmental or regulatory approvals are required for the acquisition, and Vardhman Textiles Limited will not appoint any director on the board of the power producer.

Target Entity Profile

Renew Green (MPR Four) Private Limited is a Special Purpose Vehicle created under the captive scheme and incorporated under the Companies Act, 2013. The entity is engaged in developing and operating renewable energy projects and has not yet commenced commercial production or activities. The company was incorporated to facilitate the development of renewable energy infrastructure under captive power arrangements.

Source: None/Company/INE825A01020/55adca4dd1164ec5.pdf